Lower open as GDP rises less than expected

The markets opened lower with the Dow slipping 5 points to 20,095 as the nation's gross domestic product rose less than expected. Nasdaq lost 7 points to 5,647.


On the upside


Wynn Resorts (Nasdaq: WYNN) reported higher fourth quarter earnings and revenue.


Maxim Integrated Products (Nasdaq: MXIM) reported sharply higher second quarter earnings that nearly doubled to top analyst expectations.


Aurinia Pharmaceuticals (Nasdaq: AUPH) selected Worldwide Clinical Trials as its Clinical Research Organization for the AURORA Phase 3 study of volcosporin to treat active lupus nephritis.


On the downside


Athersys (Nasdaq: ATHX) priced its public offering of 19.802 million shares of common stock at the discounted price of $1.01 per share.


The KeyW Holding (Nasdaq: KEYW) priced its public offering of 8.5 million common shares at the discounted price of $10.50 per share.


Enbridge Energy Partners (NYSE: EEP) expects earnings to fall in 2017.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 index lost 3 points to 2,293. Bitcoin gained $3 to $912.


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